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HOT NEWS

FOREIGNERS CAN APPLY FOR E-IDENTIFICATION ACCOUNTS STARTING JULY 1

Foreigners residing in Việt Nam can apply for an account on the national identification app VNeID under a pilot programme starting July 1 this year, according to an officer from the Ministry of Public Security's National Data Centre. The centre, also known as C06, has issued more than 62 million individual accounts and 292 million accounts for organisations, which are used for online public services.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

LOGISTICS SOLUTIONS PAVE THE WAY FOR EXPORTERS AMID TARIFF PRESSURES

Vietnamese authorities and international partners have emphasised strategic logistics reforms and enhanced cooperation as essential measures for exporters to overcome tariff pressures and build resilient, sustainable supply chains. At a seminar on seeking logistics solutions for import-export businesses facing US tariff barriers in Hanoi on June 19, Bui Quang Hung, deputy director general of the Vietnam Trade Promotion Agency (Vietrade), noted that 2025 marks a pivotal year for Vietnam’s logistics industry.

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VIETNAM ECONOMY INVESTMENT

VIETNAMESE START-UPS EYE GLOBAL MARKETS THROUGH STRATEGIC FRANCHISING

Franchising abroad is emerging as an effective strategy for businesses — especially start-ups — to rapidly scale up their operations, enhance brand recognition and open new channels to sell raw materials and services in international markets. While the opportunities are significant, experts said that success hinges on the internal capabilities and readiness of each business to capitalise on these prospects.

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VIETNAM ECONOMY INVESTMENT

VIETNAM CHARTS SUSTAINABLE PATH TO GREEN GROWTH

Vietnam has seen one of the fastest per capita carbon emissions growth rates globally over the past three decades. To achieve its net-zero emissions goal, Vietnam must find ways to further reduce emissions while ensuring that energy remains affordable and its industrial sectors maintain competitiveness. Although Vietnam’s contribution to global greenhouse gas emissions is currently about 0.8% (equivalent to 355 million metric tons of CO2 in 2020), from 1990 to 2021, its CO2 emissions grew nearly three times faster than GDP growth.

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VIETNAM ECONOMY INVESTMENT

VIETNAM TARGETS STRATEGIC FDI FOR INNOVATION AND LONG-TERM VALUE

Vietnam is reshaping its foreign direct investment strategy to prioritise high-quality, technology-driven, and sustainable projects, aiming to boost innovation, productivity, and national competitiveness in a changing global landscape. The Q&A session on June 19 of the ongoing 15th National Assembly (NA) Legislature centred on the effectiveness and future direction of foreign direct investment (FDI) attraction policies.

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BANKING / FINANCE / INSURANCE / TAX

PERSONAL ID NUMBERS TO REPLACE TAX CODES FROM JULY 1

Personal identification numbers (PINs) will be used in place of tax codes for individual taxpayers, including business households and individuals, starting July 1, according to guidance from the General Department of Taxation. Business households without a tax code before July 1 must register both business and tax information with the business registration authority.

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MEMBER CORNER / PROMOTIONS

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BANKING / FINANCE / INSURANCE / TAX

OUTSTANDING LOANS AT HCMC BANKS TOP VND4.1 QUADRILLION

Total outstanding loans in HCMC’s banking system amounted to VND4.1 trillion as of the end of May, up 3.89% compared to the end of 2024 and 13.64% year-on-year. Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Region 2 Branch, credit growth in HCMC during the first five months of 2025 was positive, outpacing the same period in the past two years.


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